General Environmental Management Obtains Exclusive Rights for PetroMax Treatment Technology
April 21 2010 - 7:00AM
Business Wire
General Environmental Management Inc. (GEM) (OTCBB: GEVI)
announced today that its subsidiary, Southern California Waste
Water (SCWW), has acquired exclusive licensing rights to market the
PetroMaxTech treatment chemical and process known as PetroMax as
part of its service to the oil and gas industry.
Tim Koziol, CEO of GEM, said, “This technology provides SCWW
with additional capabilities to service a core segment of our
client base, the oil and gas industry. As a non-hazardous
wastewater treatment facility, SCWW is the treatment option of
choice for our clients, and we are always looking for additional
means to service our clients’ needs. The PetroMax process is an
excellent example of meeting the needs of our current clients who
provide SCWW with a substantial portion of our volume in
non-hazardous liquid waste while also providing the impetus to add
new clients.”
“We are thrilled to offer what we believe is an industry
changing treatment process,” said Doug Edwards, GEM Chief Strategy
Officer and Executive Vice President for Corporate Development.
“The great merit of the PetroMax process is that it can generate
savings of 30% to oil producers and refineries who struggle to move
thick oil sludge. This can literally save a million dollars or more
for a large tank cleaning.”
Beyond oil and gas production and refineries, SCWW has acquired
the exclusive right in North America to market PetroMax to the
shipping industry. Edwards explains, “PetroMax will save enormous
money as shippers use PetroMax to pump their oil sludge with ease
and clean their tankers in a fraction of the time currently
required.”
A third aspect of the license is for the stimulation of downhole
oil production. “Put simply,” said Edwards, “PetroMax allows thick
oil to come out of the ground quicker.”
Mr. Koziol also added, “We look forward to marketing PetroMax
and sharing with our shareholders how this process both enhances
our current wastewater services at SCWW and brings us into the
broader oil and gas service industry. The rights to PetroMax
provide GEM the ability to move quickly into new geographic markets
and develop a wastewater network.”
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) owns and
operates a non-hazardous wastewater treatment facility, Southern
California Waste Water (www.scww.com), in Santa Paula, Calif., as
well as provides various environmental services and solutions. GEM
is headquartered in Pomona, California.
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
development that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company's actual results to differ materially
from those implied or expressed by the forward-looking statements.
The Company assumes no duty whatsoever to update these
forward-looking statements or to conform them to future events or
developments.
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